How likely is the growth to sustain? Concern right now is valuations. At the end of the day underlying industry (infra) is cyclical and idk if we are at the starting of cycle or its getting moderated? FY25 budget has pegged the infra allocation growth at 10% YoY from the earlier 2-3 years when the overall allocation grew at 25-30% CAGR.
Just wondering if there’s space for the stock to compound at say 40-50% CAGR from current levels?
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